We can save king fisher by learning a few things from Japan?
We can find solutions; for; failing ventures ; when we can realize; what Japanese realized and built their economy; after 2nd world war from; more or less zero-level; to zero-defect level?
Japanese have realized that a nation’s economy depends on payments received against national skill-times sold? Everything necessary should be done to replace perishing skill-times of the loss-making management?
In Japan it is management that goes bankrupt, only part of, overall skill-times; replaced as quickly as possible, and the skill-times of the workers and infrastructure and manufacturing facilities are always protected by upgrading it to salable levels?
It is not; very difficult to realize; that Vijay Mallya’s specialty is in liquors where; lot of government levies; can be manipulated; but not in running a venture where it has to face stiff competition & needs specialized skills? His IT mess; isn’t a proof enough of his lack of management skills?
The Govt and financiers should search for new skill-time, in another person to manage the organization and skill-time available with in the organization and if necessary by adding and or acquiring additional skill-time, to make a venture profitable?
It is the responsibility of the public sector banks and government to advertise and invite promoters with experience & funds to come with proposals to make Kingfisher air lines a profitable venture than be after Vijay Mallya to get more funds through FDI or banks investing more funds in the venture?
We should realize what Japanese realized to build their economy after 2nd world war from more or less zero-level to zero-defect level?
People need a. skill times and or b. skill-time-processed goods for comfortable living. Read; Skills that can’t be sold are having no money value: http://righteducation.org/id30.htm
Currencies are convenient media to sell/buy?
Skill times are perishable in nature? Currencies, $,£,¥,Rs,etc., (money) is of exchange; to protect the value of sold skill-time for future use?
Raw-materials plus skill times; make products for comfort and or security of individuals/groups/nations and can be sold/purchased?
The excess value received over and above; the raw-materials plus salable-skill-times; results in profits; make a nation & its people rich?
To make profits following are the main requirements:
- Salable-skills (skills plus time of the individual with skills) – work force consisting of people.
- Raw materials/semi-finished products.
- Buildings & infrastructure.
- Plant and machinery
- Promoter/s & management personnel; to hire/buy above plus to meet the expenditure of marketing.
- Finance to hire/buy above plus to meet the cost of finance (like interest etc.
What Japanese realized is that all commercial ventures are for making profits and promoters are responsible; and in the event they fail in their responsibility then; they are dispensable?
1- 4 & 6 are national assets and need proper utilization else their value diminishes rapidly; and the nation is the main looser.; as such promoter & his management; should be replaced as fast as possible to make the venture profitable?
- It is the responsibility of the financiers/govt to ensure the protection of national assets?
- This realization gave Japan; benefits of both capitalism; dedicated; skilled manpower; optimum utilization of national resources?
- In Japan; Promoters become bankrupt but not ventures?
Indian Financiers/govt believe that it is; a personal loss to the promoters; & fail to realize it is a national loss?
Both our public sector banks and Government should understand the national perspective of any venture? They should ensure that the promoters & his/their management should be changed to make the venture profitable? They are the causes; why public sector companies seldom show results proportional to the funds infused & private sector; organizations become profitable after takeovers? Read ; skills that can’t be sold are having no money value: http://righteducation.org/id30.htm
It is not; very difficult to realize; that Vijay Mallya’s specialty is in liquors where; lot of government levies; can be manipulated; but not in running a venture where it has to face stiff competition & needs specialized skills? His IT mess; is a proof enough of his lack of management skills?
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